Why is digital banking the future?

The way we manage our finances has been revolutionised with digital banking. Being able to have your current account at your fingertips with a simple app on your phone really took banking to a whole new level. But other than the obvious improved ease and convenience, why is digital banking the way forward?

You’re always in control

Being able to check your account whenever and wherever you want, puts you in full control. They say knowledge is power, and to always be in the know about what your balance is, your account activity and to be able to make any new payments or changes there and then, gives you so much power over your finances. You can often set up Push notifications too so you can receive instant updates, so there’s not a moment that goes by that you don’t know what’s going on with your account.

No more being controlled by branch opening times or waiting in queues just to see how much money you have in your account. You have it all there at a tap of a button. It’s mind-blowing!

Digital budgeting

All of this knowledge about your account can really help when it comes to budgeting. Being in the know about what you have left to spend after your bills doesn’t just give you peace of mind, but it can also help you work towards having healthier financial habits. It can help you plan for the future or simply allow you to treat yourself guilt-free knowing that you can afford it.

The hard work is done for you

Sometimes, the hardest bit about budgeting is working out what you have left after your bills. But the great thing about digital banking apps is that some of them do that work for you, so you don’t even have to worry about it. For example, here at thinkmoney, we put aside enough of your income to cover your bills, and the rest goes onto your card for you to spend. That way you don’t have to waste time working out what you can spend or save, it’s all done for you.

Keeps up with your lifestyle

Circumstances in people’s lives are often changing, whether you’ve moved home or changed your job and have a different income. And life can be busy while these changes are happening, so being able to easily update your current account with your new details makes life that little bit easier. No more appointments at a branch or forms to fill out to update the simplest of details.

Digital banking means you can have an account that keeps up with you and your lifestyle.

It’s more than an account

One of the most exciting things about digital banking is that it’s never just an app for your current account. There are often other perks that come with it. Here at thinkmoney, we offer the Current Account Plus where you can get access to a range of discounts and special offers, including money off your food shop and family days out. And our Marketplace is where you can discover incredible deals on loans, broadband, car finance and so much more! Digital banking apps are gradually becoming a one-stop-shop for all your financial needs.

Forever evolving

It doesn’t end there! There is so much more that a fintech banking service can do. With advanced technology, these banking apps, including thinkmoney, are always finding new ways to better your financial journey. We’re constantly developing and creating new exciting features. Watch this space!

Digital banking is the future!

Download our app today and start your journey for a better way of banking.